Ask Jeeves Earnings Double In Second Quarter

Today, Ask Jeeves released their second quarter results. The search engine reported revenue of $60.3 million, which indicates a 136 percent increase over revenues of $25.6 million for the comparable year-ago quarter.

“We executed well this past quarter. We improved the user experiences across our sites, doubled our market share with the closing of the Interactive Search Holdings acquisition and continued to see strong demand for search and media advertising,” said Steve Berkowitz, CEO of Ask Jeeves. “We believe we are in a great position in a great space to continue our growth. In the back half of the year we will continue to innovate and improve, making our experiences even more compelling for users.”

Ask Jeeves has also made a prediction for the third quarter. They anticipate revenues of $74 million and pro forma income of approximately $16.5 million, or $0.24 per share. Ask Jeeves anticipates that GAAP net income will be $0.14 per share.

Commenting on Ask Jeeves’ business outlook, the Company’s CFO, Steve Sordello said, “Our positive momentum continues. It’s reflected in our operational and financial results and our steady commitment to a long-term investment path that allows us to take advantage of the search market opportunity, which we believe is one of the best growth opportunities on the web.”

Jeremy Muncy is a staff writer for www.murdok.org